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Notice Of A Change In The Percentage Level Of A Substantial Shareholder's Interest

BackMar 01, 2011
Part I
1. Date of notice to issuer 28/02/2011
2. Name of Substantial Shareholder (i) Gelco Enterprises Ltd ("GEL") (ii) Nordex Inc. ("Nordex") (iii) Pansolo Holdings Inc. ("PHI") (each of the above, a "Notifying Company" and collectively, the Notifying Companies")
3. Notice Type Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest.
Part II - Not Required
Part III
1. Date of change of Deemed Interest 18/03/2010
2. The change in the percentage level From 7.00 % To 6.91 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

Due to an open market transaction.
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: Change in the percentage level is the result of a single transaction.
Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 0 60,799,513
As a percentage of issued share capital 0 % 7.00 %
No. of shares held after the change 0 60,000,000
As a percentage of issued share capital 0 % 6.91 %
Footnotes Notes:

Each Notifying Company was a substantial shareholder of the Company prior to the date of this notice by virtue of its deemed interest in the shares managed by its subsidiaries as fund managers. Each of their percentage level of deemed interests had since increased and/or varied by virtue of a series of open market transactions entered into by one or more of their subsidiaries for portfolio management purposes. Since the date of change of deemed interest notified in this notice, there has been no further changes in the percentage level of deemed interests of any of the Notifying Companies giving rise to a disclosure obligation.

Where reference is made to shares, it refers to units in Cambridge Industrial Trust.

Percentages calculated based on total number of issued ordinary shares (excluding treasury shares) being 868,701,000 as at 18 March 2010.